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Riskwire
Today's Feature
Risk Management Magazine (11/5/2024)
Payment fraud is rising again, with 80% of companies reporting attempted or actual fraud in 2023, according to the AFP’s latest survey. Learn how businesses can protect themselves with layered defenses and updated policies.
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Industry News
Commercial Risk (11/21/2024)
AM Best maintains a positive outlook for the global reinsurance sector, citing robust underwriting profit margins despite 2024 hurricane losses. Property reinsurance rates are expected to remain stable through 2025, but concerns over social inflation and adverse casualty reserve development may lead reinsurers to tighten capacity and focus more selectively on casualty renewals.
PropertyCasualty 360 (11/26/2024)
Thanksgiving travel is expected to hit record levels this year, with nearly 80 million Americans planning trips, according to AAA. From driving to flying, travel demand continues to soar as families and friends reconnect post-pandemic.
Insurance Business (11/25/2024)
Corporate boards are increasingly tasked with overseeing AI adoption to balance innovation with risk management. Experts stress the need for aligning AI initiatives with ethical and regulatory standards, forming technology-focused committees, and addressing risks like algorithmic bias and model drift.
Naylor Association Solutions
Canadian Underwriter (11/25/2024)
Allianz reports a sharp rise in nuclear verdicts, with awards over $10 million increasing by 27% in 2023 alone. Key liability risks include defective products, PFAS litigation, and billion-dollar pharma class actions. Social inflation trends are expanding globally, adding volatility to liability insurance markets.
PropertyCasualty 360 (11/22/2024)
Gen Z is a digitally fluent generation that values meaningful work but often overlooks the abundant opportunities in P&C insurance. Here are some key strategies to attract diverse talent in the newest workforce.
Business Insurance (11/25/2024)
The Supreme Court’s upcoming ruling in Nvidia Corp. v. Ohman may alter how securities class actions proceed, including the use of expert testimony to meet heightened pleading standards. Experts warn the decision could impact D&O insurance, influencing litigation costs, settlement trends, and market pricing over time.
Risk and Insurance (11/20/2024)
As insurers combat emerging risks and worsening weather events, Nearmap reports that advanced location intelligence is providing a solution for the P&C industry.
Carrier Management (11/22/2024)
Tort reform and litigation funding disclosures are often proposed solutions to escalating jury verdicts and settlements. But experts suggest the insurance industry examine its own claims handling practices to help combat social inflation.
Rims Resources
  
RIMScast, Sponsored by AXA XL
Florian Richard, AXA XL's Chief Risk Officer for the Americas and Head of Underwriting Risk, joins RIMScast to discuss the findings of this year’s AXA Future Risks Report, how it influences his risk management activities and how it can help the risk management community get a jumpstart on managing the emerging risks on the horizon.
  
RIMS-CRMP Story
Delaware Valley RIMS member and Associate Director of Risk Management at Subaru of America, Carol Fritzsche spoke about the confidence she has since gained from the RIMS-CRMP and favorite methods for recertification.
 
  
RIMS Executive Report
Members of the RIMS Strategic Enterprise Risk Management Council explore the importance of developing a holistic view of the interconnected risks facing the organization. In addition, the report provides professionals with strategies for analysis and assessment and communicate their relationships to stakeholders to drive a better understanding of risk environment and insulate the organization from unwelcome surprises.